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Old 1st August 2014, 14:39   #1 (permalink)
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Holiday home purchase - unsure/concerned about the current political leanings

Hi everyone, my family and I are thinking of purchasing a holiday villa in Kalkan but are unsure/concerned about the current political leanings/instability (do you see it as that?) in Turkey and any impact that would have in the medium to long term. I would love to hear your views on this. Thank you in advance!
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Old 1st August 2014, 15:11   #2 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

Well, I am no expert on the politics of Turkey. But I do have a villa in Kalkan.

Many of those who do have political expertise on this forum live full time in Turkey, and their perspectives flow from that. Observations on, for example, the interest rates paid on capital (upon which some expats hoped to live) will be of little interest or relevance to you.

Uncertainty as to the political situation will, of course, impact on you. I am in Kalkan right now (posting this from the Fener Cafe) and have not seen Kalkan this busy in year. Riots in Turkey last year don't seem to have reduced visitors (an entirely subjective, and un scientific observation).

Changes to law re alcohol do appear to be part of a trend: but whether its a trend with a long term plan to de-secularise the country is hard for anyone to say.

As for political uncertainty more generally - you could have bought in Greece, where there were far more serious riots etc, in Spain where the property might be re-possessed, or indeed in Scotland - where (if the polls are radically wrong) you might be in a foreign country, using the Groat, in little more than 2 months.

In short, its a gamble.

We are still enjoying our villa, and not yet looking to sell. When we do sell it is likely - on present trends - to be for family rather than political reasons.

Last edited by Tim; 1st August 2014 at 15:13..
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Old 2nd August 2014, 08:20   #3 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

Welcome to the forum, you will find loads of useful information on here, from folks who have been through the buying process in Turkey. If you are set on buying then I hope you find your ideal home and everything goes smoothly for you.

I would just urge you to be cautious, read all you can on Tapu's, Habitation certificates, tax and who pays what. Also be aware of visa restrictions and Resident Permit requirements (should you wish to spend longer than 90 days at a time here). The Turkish inheritance rules are also to be taken into account when buying a property.

I don't want to put you off but do please do your research before you commit to anything.

As for the political situation, well at the moment RTE does appear to want to take the country back to the dark ages, moving more and more towards an Islamic state, rather than a secular one. Whether it will have repercussions in the tourist areas is anybody's guess.

I have lived here full time for 7 years, owned a property and sold (now renting), to be honest I would not buy again in Turkey.

Last edited by traveller; 2nd August 2014 at 08:25.. Reason: added text
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Old 2nd August 2014, 09:16   #4 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

You have wrote holday home purchase ,

Going by my experience , my answer is noooooooo! Don't do it

If you do I wish you good luck and happy holidays in your place ,

Take care and take care of your money kale ,Yvonne
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Old 2nd August 2014, 09:48   #5 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

Had villa for 7 years and Glad to say I have now sold and would not buy again as too many issues.
Look to rent in my opinion.
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Old 2nd August 2014, 09:55   #6 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

For holidays I don't really understand why anyone would buy. As said above there are so many issues and expenses. Far better for holidays to rent someone else's villa and at the end of your hol you just walk away without any worries. Think long and hard before parting with your hard-earned! And whatever anyone tells you it is not viable to rent out with all the new rules coming in.
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Old 2nd August 2014, 09:56   #7 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

Quote:
Originally Posted by manc02 View Post
Had villa for 7 years and Glad to say I have now sold and would not buy again as too many issues.
Look to rent in my opinion.
So true.
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Old 2nd August 2014, 10:35   #8 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

For a holiday home I would agree with some of the posts above, don't buy, rent. If you buy you will end up paying way more than renting an apartment would cost and you will be stuck with coming to Kalkan instead of having a choice of another (possibly nicer and flatter) place. Then while you are in UK there will be the worry of whether your house is being burgled, not looked after, flooded by bad plumbing or sold to someone else, all of which have happened.
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Old 2nd August 2014, 14:04   #9 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

Don't buy. Not A good investment. Glad I sold my apartments. Nothing but stress and headaches.
The language barrier for a start. The laws are not like ours. Unbelievable such a corrupt country, from bottom to the top, including lawyers. Stay clear buying.

Since selling my apartments, I am now stress free, been on all inclusive holidays and now going on a cruise. This is the way to enjoy holidays. Not wafting off to the same home every time.

I wonder why on earth I bought in a foreign country in the first place. When now I am seeing ore of the world.

It upsets estate agents when somebody gives comments like mine. Very few honest ones, and when you think they are honest, they are not always.

It is quite common for people to lose vast sums of money, go down the legal route only to pay 6% of the property price to courts. Lawyers knowing fine well if any incline of winning, which is not very often, or not at all. Getting builders to pay up is usually nothing. Claim they are bankrupt.

Hindsight is a wonderful thing.
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Old 2nd August 2014, 16:26   #10 (permalink)
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Re: Holiday home purchase - unsure/concerned about the current political leanings

I agree with all of the above - I bought a villa in Side - then an apartment - all in all I have been buying for 8 years - but I wish I had rented instead - far less hassle - and more money in the bank - and 10.5% interest on a monthly TL account would have been a lot better - and renting if I had my time again -
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